The procedures and approach for selling a car online vary by state. Discover how to sell your used car or truck in Oklahoma confidentially.
If you reside in Oklahoma's Red Bed Plains, Ouachita Mountains, High Plains, Ozark Plateau, or Red River Plains and want to sell your old vehicle or truck privately, you've come to the perfect location. With an estimated 1.4 million registered trucks and vehicles in Oklahoma, it's no surprise that thousands of individual vehicle sellers in the Sooner State have utilized Cashforcars to sell their vehicles. We've explained the five stages and documents needed to sell a car in Oklahoma so you may sell your vehicle fast and for the maximum profit. Remember that most states regard the car title as a legal document, so use the legal names (no nicknames) of both individuals involved, as well as legible handwriting in black or blue ink. Mistakes and the use of white-out may invalidate the document, so fill it out carefully and slowly.
Although the Oklahoma Tax Commission manages car registration and taxation, the state employs a statewide network of private motor licensing agents who can execute almost any vehicle title and/or registration transaction using the same tax and fee structure. Visiting one of these locations may help you complete your transaction faster.
Step 1: Allow the customer to have the vehicle examined by a third party.
Cashforcars suggests a pre-purchase vehicle check performed by a trained and certified auto mechanic for the majority of vehicle customers who buy a car privately. Although the buyer pays for the inspection, the seller and buyer must agree on the date and location of the inspection. If the inspection reveals any problems with the vehicle, you should save the report for your records as the seller. Even if there are minor flaws, the buyer may still want the automobile. The buyer/new owner should preserve a copy of the report in this scenario to handle future repairs.
Step 2: Organize and collect all vehicle papers.
Find all maintenance records, the owner's manual, and other vehicle papers. As of 2020, Oklahoma has no standards for car emissions testing, which means the seller will not be required to present any inspection papers to the buyer, nor will the buyer be required to have an emissions test performed in order to register the vehicle. This includes car and safety inspections, as well as smog testing.
When a car is financed, the financial institution, generally a bank, is recorded as the lienholder and keeps the original title. When a lien on the paper title is satisfied, the lienholder can issue a lien release by signing and dating two lien release forms, one of which must be submitted to the Oklahoma Tax Commission. Oklahoma provides thorough information on automobile lien filings and lien release requirements. The active lien will be noted on the transfer title issued if the lien is to be carried forward to the buyer. If a lien release cannot be achieved, a notarized declaration from the secured party using a Lien Release Affidavit Letter may be acceptable. If you have a lien release that you want to submit, send it to:
Oklahoma Tax Commission
P.O. Box 269061
Oklahoma City, OK 73126
There is no charge for releasing a lien. A new title can be obtained without the lien by paying a title fee at any tag agency.
Read more: How To Do A Car Title Transfer
Step 3: State the purchase price and provide the odometer reading.
Although no particular Bill of Sale is necessary for Oklahoma, all sellers are legally obligated to declare the final sale price of the car to the Oklahoma Tax Commission by filling out a Declaration of Vehicle Purchase Price (Form 722-1). This document is similar to a bill of sale in that it includes important information such as:
Year, Make, and Model of the vehicle
Vehicle Identification Number (VIN)
Printed legal name and address of the seller and buyer
Date of Sale
Sale Price
While the declaration form 722-1 must be submitted to the state, most sellers and purchasers find that keeping a copy for themselves as confirmation of the transaction is beneficial. A notary public must witness the signing of the Declaration of Purchase Price.
In response to an increase in odometer fraud cases in Oklahoma and around the United States, the National Highway Traffic Safety Administration's (NHTSA) odometer disclosure standards were revised in December 2020, affecting some private car purchases in Oklahoma: Any vehicle of the model year 2011 or newer (2012, 2013, etc.) that is transferred between January 1, 2021, and December 31, 2030, will require an odometer disclosure form 729. Beginning January 1, 2031, every vehicle less than 20 model years old will be required to have an odometer disclosure. Previously, the NHTSA only mandated disclosure for the first ten years. Cars manufactured before 2010 are exempt from odometer disclosures.
If the car is a gift from a family member or acquired as a result of a divorce or another circumstance, be sure to include "GIFT / $0" on Form 722-1. In such circumstances, no sales tax is levied.
Step 4: Alter the title.
If the original certificate of title is lost, stolen, or severely damaged, the seller must complete an Application for a Duplicate Certificate of Title for the Vehicle/Boat/Motor (Form 701-7) and have the signatures of all owners on the title certified by a Notary Public. This is true if the car has more than one owner (seller). You must present the Actual Notarized Power of Attorney or a Certified Copy of the Power of Attorney form if you are using the Power of Attorney to sell on behalf of the original owner or their estate.
To get a duplicate title, the seller must submit either the current Oklahoma registration or proof of out-of-state residency. Out-of-state residency can be demonstrated by displaying the vehicle's/boat's/out-of-state motor registration, a utility bill, a leasing agreement, or an out-of-state driver's license in the name of the record owner. If the Oklahoma registration is out of date and out-of-state residency cannot be verified, the seller must pay any outstanding Oklahoma registration fees and penalties, as well as an Oklahoma insurance verification form, before a duplicate title may be granted. For all automobile ownership transfers in Oklahoma, a negotiable certificate of title must be appropriately given to the new owner(s).
If the owner has died and you have inherited the car through the decedent's will, the will must first be probated. Once the car has been probated, you can bring the letters of testamentary given by the court, together with a copy of the decedent's death certificate, to any title agency to transfer the title into your name. If the estate's worth was less than $20,000, the will did not need to be probated via the court system, and you may contact a title agent to transfer ownership of the car.
Both the seller and the buyer will fill out the back side of the certificate of title to modify the assignment of title. The seller must publish their legal name, the buyer's address, the vehicle's purchase price, the date of sale, and the odometer reading. Both the buyer and seller must print their names on the title and sign it in front of a notary public. Following the transaction, the seller must return their existing vehicle registration, which will be revoked, and the buyer will submit their own registration application in their name.
Sellers can use Form 773 to file a notice of transfer. This is an optional operation that solely serves to notify the Oklahoma Tax Commission of the change in ownership. It has no bearing on the buyer's need to transfer ownership of the vehicle in the manner specified by Oklahoma law. You may also submit a transfer notice online.
Step 5: Remove your license plates, remove your registration, and cancel your insurance.
According to Oklahoma law, when selling a car, the seller must remove and maintain the license plates, either returning them or transferring the plates to a replacement vehicle. You can cancel your insurance when the vehicle's registration has been terminated.
Oklahoma Senate Bill 1339, which went into effect on July 1, 2019, allows buyers to drive their newly bought car without a license plate for up to five days before being obliged to register the vehicle in their name and obtain a new plate from a local tag agency. Furthermore, under the same rule, all automobile owners are now required to have current and valid registration certificates in their vehicles at all times. If you can't find your registration paperwork, you can use the OkCARS online service to print a replica.
Visit the Oklahoma Tax Commission's website for further information.
